Flat prices did not escape the property market slump in 2024, even if more recent data suggests a recovery.
The price of non-new build flats fell in almost all locations, with only three areas of mainland France showing prices increase between the third quarters of 2023 and 2024.
The information comes from the most recent notaire data, covering sales of all non-new build properties in France.
It is the most accurate data available due to the complete volume of sales included.
It covers full data up to two quarters prior to the publication date – in this instance, up to September 30, 2024. Specifically, it compares the price of non-new build flats between July/September 2023 and July/September 2024.
It also includes preliminary data up to the beginning of 2025, used to predict upcoming trends in the market.
You can read our coverage of other points included in the data in our article below.
Prices rose in the overseas departments where data is collected: Réunion (+4.1%), Guadeloupe (+4.9%) and Martinique (+11.8%).
Every other location saw prices drop, however in some cases these drops were only minor – less than -2%.
The areas to see the largest falls were:
Limoges: -7.9%
Rouen: -6.7%
Bordeaux -6.5%
Besançon and Nîmes: -6.4%
Cities previously more resistant to price drops, including in the south-east such as Nice (-0.8%) saw prices drop after staying stable at the beginning of the slump, unable to sustain slight growth amidst the growing issues in the market.
South remains more expensive
Paris remains the most expensive city by some margin for people to own a flat, but generally the south is more expensive than the north.
Certain cities which are not included in house price data due to the scarcity of ‘houses’ are included in the data for flats as they are far more common in urban areas.
This includes Paris, Nice, Marseille, and Rennes among others.
The most expensive areas are:
Paris: €9,520 per m²
Nice: €4,740 per m²
Lyon: €4,560 per m²
Bordeaux: €4,290 per m²
Bayonne: €4,090 per m²
In contrast, the cheapest areas were mostly found in the east and centre of France, in post-industrial cities or those with a lower population:
Saint-Etienne: €1,160 per m²
Mulhouse: €1,210 per m²
Limoges: €1,420 per m²
Bourges: €1,570 per m²
The full information can be found in the map below:
